(5 years ago)
Ministerial CorrectionsIn preparation for our exit from the European Union, the Government have, to date, secured 16 continuity trade agreements with 46 countries. Trade with those countries represents 72% of the UK’s total trade. I am pleased to inform the House that only last week my right hon. Friend the Secretary of State signed another agreement with the Southern African Customs Union and Mozambique to roll over the existing EU trade agreements that we have with them.
[Official Report, 17 October 2019, Vol. 666, c. 431.]
Letter of correction from the Minister of State, Department for International Trade, the right hon. Member for Bournemouth West (Conor Burns):
An error has been identified in the response I gave to the hon. Member for Ealing Central and Acton (Dr Huq).
The correct response should have been:
(5 years, 1 month ago)
Commons ChamberIn preparation for our exit from the European Union, the Government have, to date, secured 16 continuity trade agreements with 46 countries. Trade with those countries represents 72% of the UK’s total trade. I am pleased to inform the House that only last week my right hon. Friend the Secretary of State signed another agreement with the Southern African Customs Union and Mozambique to roll over the existing EU trade agreements that we have with them.[Official Report, 31 October 2019, Vol. 667, c. 4MC.]
The Minister says there are 16 agreements, but given the Government’s clear broken promise to roll over at least 40 trade deals by one minute after midnight on 31 March, two Brexit extensions ago, have they carried out any assessment of the economic loss that will result if—I will say if, not when—we are unable to secure a trade deal with all the countries that the EU already has an existing arrangement with?
I am sorry that the hon. Lady has not welcomed the efforts that the Government and officials have made to make this incredibly successful transition. These deals account for over £100 billion-worth of our current trade, and they are warmly welcomed by the businesses that trade beyond the borders of the European Union. I will tell her what assessment we have made on the European Union: we have made an assessment that it would be deeply damaging for our democracy if we do not honour the referendum of 2016.